This video aims to help understand the impact of the pandemic and to describe the situation of the French and Parisian real estate market after 1 year of pandemic. © All rights reserved / All rights reserved - www.TALVANS.COM Text: Good evening, I hope you are well, in this video we will try to understand the effects of the covid-19 pandemic on the real estate market. Tourists are absent, so rental income has fallen sharply, especially airb'nb (from 50 to 70%), therefore some owners are in a hurry to sell because they can no longer repay their loans because of the unexpected absence of rental income. The number of properties available for sale on the market has increased by 20 to 30% over 1 year. Foreign buyers have almost disappeared, which has several effects, particularly in terms of demand. On the luxury market (1M and +), the number of properties available for sale has increased by around 50% over 1 year in Paris. Prices held up and even continued to rise by around 1% over 1 year in Paris, however there have been decreases over the last 3 months. The number of transactions also fell slightly over one year. Properties with balconies or houses with gardens have been in high demand since the start of the pandemic and the confinements. Commercial real estate is also experiencing a sharp drop in demand and falling prices in some sectors. The previous crises show us that in 1929 prices fell by 70% and took 3 decades to recover, in 2008 the fall was 30 to 60% and prices took about 10 years to return to their normal level. 'before the crisis. Regarding the short and medium term prospects, we know that the pandemic is temporary, tourists and foreign customers will come back. The question is when. This is what broke the price dynamic and is also what should revive it. All this highlights the decisive importance of foreign customers and tourists in maintaining prices and rental income in the Parisian and French real estate market. There are signs of running out of steam, some are even talking about the Crash, but that doesn't show in the numbers at the moment. Everything will depend on the duration of the vaccination and the return to normal activity, especially with regard to tourism for rental income and foreign real estate investors who support demand and therefore prices. Sources: Below the video If you liked this video put a thumbs up, share and above all subscribe. We are a multilingual web agency in Paris 16e, if you want to know more and have regular information on the development of the real estate market, you just have to visit our website TALVANS.COM under News. Talvan's International Paris Real Estate Agency - Talvans.com . . . . . #parisrealestate #parisproperty #realestateagency #realestate #property #france 🇫🇷 #realestateagent #prestige #luxuryrealestate #luxuryrealestateagent #luxuryrealtor #realtor #parisproperty #losangelesrealbroestate #luxuryateproperty #realestateagent # #Parisfrance 🇫🇷 #dubairealestate #singaporerealestate #berlinimmobilien #hongkongrealestate #realestatedrone #realestateparis #newyorkrealestate #londonproperty #personaldevelopment #immobillier #immobilierparis #parisismagic 🇫🇷❤️